Social trading launched on Vantage platform
Vantage, a multiasset CFD broker, has extended its services by offering social trading via its mobile application. This idea was proposed by the broker to increase its client base as well as to simplify the operation for clients. The Vantage App can now support regular and social trading.
The new features and operations are not only technologically advanced, but also have a slight twist. Leverage offers and signal notifications are the same.
Clients with little trading experience can now interact with traders who are more experienced for a nominal fee using Vantage’s newly updated features.
Ten years ago, social trading began to take shape with an enormous number of people signing up for it. This strategy allowed for different trading strategies and formulas to make the market move.
To win more clients, different trading platforms have made social trading their mainstay to increase their client base. DupliTrade and eToro are just a few of the many trading platforms that have embraced social trading, including Naga and ZuluTrade. Vantage has been pushing for social trading services for a while. Three months ago, the broker launched the UK services with a successful return.
“As our active investor profile gets younger, our clients have been more willing to explore and adopt innovative trading methods like social trading, going beyond traditional trading methods,” said Lian Jie, the Assistant App Marketing Director at Vantage.
“At Vantage, we understand how technology and innovation can transcend boundaries, so we have utilized the power of technology in our Vantage App to meet the needs of the next generation and provide a seamless and convenient experience for all our clients.”
Other than offering social trading services to retail traders, others have found other ways to engage their clients. This includes partnering with third-party copy trade services.
They have also developed proprietary technology to make them equal. Moneta Markets has added ZuluTrade as a copartner to offer trading services. Plus500 also introduced a tool that uses big-data analytics as part of its venture into social trading.
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